Williams F1 Team Signs Engine Deal With Mercedes-Benz

The Williams F1 team and Mercedes-Benz confirmed a "long-term" engine deal on Thursday.

The iconic British team currently uses Renault's V8 engine.

Williams will continue to manufacture its own transmission, it said in a statement.

STUTTGART, Germany — The Williams F1 team and Mercedes-Benz confirmed a "long-term" engine deal on Thursday.

The iconic British team currently uses Renault's V8 engine.

Williams will continue to manufacture its own transmission, it said in a statement.

Mercedes-Benz will supply Williams with a turbocharged 1.6-liter V6 unit and a new Energy Recovery System.

"These new technical developments will offer significantly greater opportunities for technology transfer from Formula 1 to real-world applications in areas such as battery technology, turbocharging, energy recovery and combustion efficiency," said Mercedes-Benz parent Daimler in a posting on its Web site.

Mercedes-Benz was one of the first out of the box with a new turbocharged V6 engine developed for the 2014 season, when new regulations come into play.

Williams did not spell out exactly why it has chosen to switch its engine suppliers.

"Securing the right engine supply partnership is a key milestone in the implementation of our strategy for long-term success," said Claire Williams, deputy team principal for Williams, in a statement.

Edmunds says: It will be interesting to watch if any of this F1 technology eventually ends up in your driveway.